With sentiment in the US at rock bottom, 700,000 lost jobs seems like just another number. After a while you grow numb to the bad news. That seems to be the case today. Futures are actually higher at the moment (14 points) than they were ahead of the news (up 10 points).
EUR/USD is firming as a result of the firmer stock performance, now at 1.2565. USD/JPY is challenging session highs as well. A break of 99.48/50 should see a test of the 100.14 level, the 200-day moving average. Barriers at 99.50 and 100.00 are hurdles along the way.
